Housing starts rise
More approved dwellings got underway in the September 2025 quarter, especially in Victoria.
The number of dwellings commenced nationally rose to a seasonally adjusted 48,800.
Yes, this is still way below the government's implied target of 60,000 per quarter, but starts are off the cycle lows of September 2023, and have been trending higher for two years, to the highest level in the 3½ years since March 2022 quarter.
Completions, on the other hand, remain very sluggish, with only 44,000 homes delivered by the private sector - a figure actually lower than a year earlier.
High construction, labour, and material costs - combined with skills shortages - have been to blame for a surge in development company insolvencies.
The number of dwellings under construction has thus continued to increase since the end of 2024, though it's a little hard to gauge whether any of these projects are stalled or mothballed.
The increase in units, apartments, and townhouses under construction has largely been driven by undersupplied south-east Queensland, particularly the Gold Coast.
Overall, although housing supply is still slow, there are some more solid signs that for more than two years the number of dwelling starts has been trending higher, since the September 2023 nadir.
---
1. Download our property buying guide
Download our free property buying guide here.
You can also check out a few of our recent property purchases here.
Get in contact with us today if strategic property investment is your thing.
2. Subscribe to our Top 10 Podcasts for Investors
Listen in to our podcasts
The Australian Property Podcast is rapidly becoming one of Australia's biggest business podcasts, now with over 50,000 audio downloads per month, and growing fast.
And our popular Low Rates High Returns Show also remains available on Spotify.
3. Subscribe for my free daily blog
Subscribe for my free daily blog with 4½ million hits here.
You can also catch up with me daily on Twitter here, where I'm far too active daily and have over 15,800 followers.
By the way, I'm an 8-times published author on finance, investing, and business, so you can check out some of my books here.
My new book, co-authored with Cate Bakos is available to buy here or on Amazon here - check out our free Buy Right podcast series here.
4. Work with me privately
For a limited time you can book in a free diagnosis call with me here, so book in a call today.
